San Antonio Econmy (Dallas: unemployment rate, construction, estimated)

[ryneone]

Despite some of the doom and gloom posters looks like the San Antonio economy is still on a tear!

San Antonio's economy continued to expand in April, with its business-cycle index rising 3.9 percent. Job creation in the private sector was solid at 1.7 percent (1,000 jobs). Expansion of medical facilities boosted job gains in the education and health services sector (900 jobs), while ongoing commercial building activity led to gains of 200 in construction and mining employment. Retail activity remained healthy, and anecdotal reports suggest that the NCAA Men's Final Four tournament may have brought the metro an estimated $140 million. State employers added 11,600 workers to payrolls in April - a 1.3 percent annualized increase, according to data released by the Texas Workforce Commission with seasonal and other adjustments made by the Dallas Fed. Year-to-date, the state has posted annualized job growth of 2.3 percent, a slowdown from last year's strong 3.2 percent pace. The Texas labor market remained tight, with an unemployment rate of 4.1 percent.

[ryneone]

Market*News

[traficdogn]

Originally Posted by ryneone

Despite some of the doom and gloom posters looks like the San Antonio economy is still on a tear!

Nice find.

While the economy in SA does appear fine, I wouldn't say it is on a tear. The article states there were 1000 job gains, 200 of which were in construction, and 900 in health and education. It is tough to say that the job growth is broadly based.

[sapphire]

Originally Posted by traficdogn

Nice find.

While the economy in SA does appear fine, I wouldn't say it is on a tear. The article states there were 1000 job gains, 200 of which were in construction, and 900 in health and education. It is tough to say that the job growth is broadly based.

Let's hope some of them were in math education. 900 + 200 = 1100.